Four bedroom house Jennings, Saint Louis County, Missouri, USA 4 Bed Townhouse £46,323 | €51,587 | $62,900 Request a Currency Exchange Quote Here

This large four bedroom multi unit is a rare find at $62,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, On Street Parking, Outside Space
Property Description ID:41588919

This fantastic very large brick built four bedroom multi mily home is located in Kingsway East, Saint Louis and is just three minutes from Washington Montessori School. The building is split into two apartments. There is a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. Both apartments two are just being completely refurbished to a Section 8 standard. The management company will place brand new tenants when the new owner closes on the property each paying $650 – $700 in rent each month.

This property is located in Kingsway East which is only 6.1 miles to the centre of downtown Saint Louis.This property is also only three minutes and 1.1 miles to The Washington Montessori School and lust 1.8 mile and 6 minutes to The Ranken technical College. There are many great schools in this area.

Investment Calculation


Purchase price: 62,900

Gross annual rental income: $16,800

Property running costs: $2,690
(Tax, insurance and management costs)

Net annual rental income: $14,110

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 23%

Break even in 4.34 Years

 

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